Analysts Set Sony Corp (SNE) PT at $48.19

Sony Corp (NYSE:SNE) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $48.19.

A number of equities research analysts have recently weighed in on the company. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Tuesday, January 2nd. Jefferies Group reissued a “buy” rating and issued a $59.84 target price on shares of Sony in a research note on Friday, November 17th. Finally, JPMorgan Chase & Co. lowered Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd.

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Sony (NYSE SNE) traded up $0.40 during midday trading on Friday, hitting $50.41. The stock had a trading volume of 602,071 shares, compared to its average volume of 1,258,672. Sony has a 12 month low of $31.29 and a 12 month high of $53.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market cap of $64,946.83, a price-to-earnings ratio of 13.71 and a beta of 1.45.

Sony (NYSE:SNE) last released its earnings results on Friday, February 2nd. The company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.74. Sony had a return on equity of 15.00% and a net margin of 6.29%. The company had revenue of $2,672.32 billion during the quarter, compared to analyst estimates of $2,560.40 billion. During the same quarter in the previous year, the company posted $15.55 EPS. Sony’s revenue for the quarter was up 11.5% on a year-over-year basis. sell-side analysts anticipate that Sony will post 3.86 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. bought a new position in Sony during the 4th quarter valued at approximately $109,000. Endurance Wealth Management Inc. raised its position in Sony by 1,028.3% during the 4th quarter. Endurance Wealth Management Inc. now owns 4,389 shares of the company’s stock valued at $197,000 after purchasing an additional 4,000 shares during the last quarter. Raymond James Trust N.A. bought a new position in Sony during the 4th quarter valued at approximately $203,000. SeaCrest Wealth Management LLC bought a new position in Sony during the 4th quarter valued at approximately $207,000. Finally, Oak Grove Capital LLC bought a new position in Sony during the 4th quarter valued at approximately $211,000. 6.98% of the stock is owned by institutional investors and hedge funds.

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Sony Company Profile

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Semiconductors, Component, Films, Music, Financial Services and All Other.